More Ferraris for Auction at Pebble Beach – 2012 Monterey Auctions

Got $750,000-$900,000? That's the smallest estimate for one of four Ferraris being auctioned at this August's Gooding & Company auction at Pebble Beach.

This quartet of highly desirable Ferraris come from the collection of the late Sherman Wolf, who was one of those great enthusiasts who both loved and used his automobiles.

What is expected of the four cars?

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$7-9 million. 1960 Ferrari 250 GT Alloy California Spider Competizione. Ferrari only built nine of these aluminum-bodied open cars on its long-wheelbase (that's the LWB) chassis. Not only is its bodywork exciting, but this is basically a race cars with a comp "outside-plug" engine. Some experts would argue this is the most desirable of Ferrari open sports cars.

$4.5-$6.5 million. 1953 Ferrari 340 MM Competition Spider with a Vignale body. That Italian carrozzeria built bodies for five 340 chassis with their big Lampredi V-12s. This one has a famous California history. It was bought by Sterling Edwards, who headed the Pebble Beach Road Races committee, and was raced frequently on the West Coast. You can see from the Colorado Grand decal on the car's side how Wolf used his cars.

$3.75-$4.5 million. 1957 Ferrari 500 TRC with Scaglietti bodywork...and possibly the prettiest, most lithe bodywork on a car from Maranello. The TR stands for Testa Rossa, yet this isn't one of the big 3.0-liter V-12 machines, but is equipped with a 2.0-liter four. One of only 19 built, the TRC was first delivered to John von Newmann, who was one of the best-know drivers in the early years of California road racing. Wolf owned it for 20 years, which shows his dedication to great automobiles.

$750,000-$900,000. 1985 Ferrari 288 GTO. Ferrari made 272 of these modern GTOs with their longitudinal twin-turbo 2.8-liter V-8. Meant to be race cars, they never competed but became famous for being very quick street machines, able to get to 60 mph in less than 5 seconds and then to 180 mph.